FOMC LIVE Recording - Major Revelation

[TheCristo68]

Rich what happenned with the S&P rebound of over 600 points in 1 hour .Do you think the plunge protection team got involved in that ?

[MrThriveAndSurvive]

@TheCristo68 Not sure with that one. The Dow was down 200 just before the big rise but the Dow wasn't falling like the flash crash. I think it was just thin trading at that time which caused the big moves. Not sure though, maybe the next 24 hours will show a clue what was going on today. One thing for sure is that it wasn't a normal day or even normal minutes. Fascinating though. History is being written on what to expect with these "first-time" events like a credit downgrade of the world's USD

[StockMarketFunding]

Thanks for posting! You enjoying the recent volatility? High frequency trading stealing stops, jamming data feeds causing massive latency

[MrThriveAndSurvive]

@StockMarketFunding From being a trader in a previous life, I understand what is going-on here. People's money is being stolen from them with these jerky computer generated moves. Stops are missed, limit orders can have a 1% variance, etc. This is a huge transfer of wealth as nobody can realistically survive these whipsaws unless you are 100% deleveraged. STEELING ! You used the word yourself. Who is happy...Goldman Sachs, etc.

[Zalahblue]

Wow, I just saw gold drop $35 Just like that *SNAP!

[ytgv3fc7]

@Zalahblue oh well, gold rose even faster and is still higher than yesterday. Let it drop. It will go up again. Gives me a buy trigger for next month's GLD call. I just put in a 125 strike call for SPY (S&P500 ETF) so (exp 17sep) I imagine that just got a boost. I knew the PPT would kick in at 1100 or so / SPY=110. See date + price, hard grey line: ht tp://flic.kr/p/a1ajjP , zoomed out ht tp://flic.kr/p/a1db8E more pics on the flickr profile. I generate my own charts

[Zalahblue]

@ytgv3fc7 It shocked me. I've never seen a slap down like that before. Sorry. ☺ Hope I didn't overreact. BTW: I have no clue what your saying SPY, ETF, Sep... ? ☺

[ytgv3fc7]

@Zalahblue a person can trade a fund instead of a stock, but much like a stock. Some are linked to index values like that of the Dow30 or S&P 500 market index. DIA ETF is linked to the DOW. SPY is linked to the S&P500. ETF = "exchange traded fund". Typically today 9.98 x SPY price = S&P500 market index at any given minute. Do a google image search for "SPY chart". Go to stockcharts.c om and type in $SPX and then after try SPY. They look the same.

[Zalahblue]

@ytgv3fc7 AHHHHH! TMI! TMI! ☺ This is why I only buy physical PMs. ☺

[ytgv3fc7]

@Zalahblue I'm using options to trade SPY, GLD, NFLX right now. This means that minus some fees & some slow moving if you're too far from the strike price out of the money, you get big leverage. e.g. if I see a change of +$3/share for SPY tomorrow I don't make $3/share. I make $100 on 2 calls strike 125 expiring 17th september. If it goes up another $2/share for SPY I make another $100. At the level of selling for $109/contract (lower than 117/share) I am break-even.

[ytgv3fc7]

@Zalahblue my total cost for this position to get in is $109x2 = 218. if SPY goes up from 117 to 122 and I get $200 in gains (on top of my original 218 being covered) I will have got high leverage. To buy just shares of SPY and get $200 gains, my high stock-trade fees are $29/trade so $258 has to be my profit. 258/$5 per share = 52 shares, 52x117=$6,084. 6,084 / 218 = 27.9. Almost 30 to 1 leverage. No margin used. You can see why I'd pick this. I was up 52% from 9:30am to 1pm.

[ytgv3fc7]

@Zalahblue looks like my hard grey line nailed it so that it lasted there about 4 minutes then bounced up with the Fed/PPT. As the video denotes live, the boost happened BEFORE the complete announcement: insider trading / Plunge Protection Team.

[MrThriveAndSurvive]

@ytgv3fc7 Excellent observation!!!!! Anyone reading this should pay attention as this video captured the proof that is in the pudding of insider info and trading and racketeering. YOu witnessed the Goldman's and JP Morgan's of the world "front-running" the markets.

[ytgv3fc7]

@MrThriveandSurvive you know you just made a live video documenting insider trading, right? You caught the PPT in the act.

[MrThriveAndSurvive]

@ytgv3fc7 Wow! See the comment above. I honestly responded there before I read your comment. Yes, I know I captured it. I've also witnessed it before, especially on NFP days.

[Zalahblue]

@ytgv3fc7 Wow, Your really smart and sharp with figures. When I get enough cash to invest, I'm going to be contacting U! ☺

[ytgv3fc7]

@Zalahblue take some notes to re-open later when you're ready. Google "td options chain spy" and look for the waterhouse or TD link. Search others too but I prefer how they use their layout.

From inside you can select all the months & strike prices on offer & see charts delayed 15 min (live for a paid customer obviously) & all the bid-ask prices/spreads. Options have a high risk of vaporizing cash if you are a bad direction picker. A giant gain on tiny cash if you are not bad at picking

[MrThriveAndSurvive]

@Zalahblue Jim Sinclair said about 6-8 months ago: "The volatility in gold will get so great that it will set your hair on fire". If I was in the markets lately, I'd have my head under a sink faucet right now! Seriously though, that 1764 number reallly does appear as the war lines in the sand. The bulls are not strong enough t capture and hold that level right now. It is just a matter of time...